<PAGE> PAGE 1
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<PAGE> PAGE 2
014 A00AA01 SCUDDER INVESTOR SERVICES, INC.
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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025 B000401 13-3224016
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<PAGE> PAGE 20
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<PAGE> PAGE 21
070 H010400 Y
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070 O020400 N
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070 Q020400 N
070 R010400 N
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<PAGE> PAGE 22
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008 A000501 BANKERS TRUST COMPANY
008 B000501 S
008 C000501 801-xxxxxx
008 D010501 BOSTON
008 D020501 MA
008 D030501 00000
<PAGE> PAGE 23
028 A010500 0
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
028 G010600 4653
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<PAGE> PAGE 28
070 C020600 N
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<PAGE> PAGE 29
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<PAGE> PAGE 30
076 000600 0.00
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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SIGNATURE THOMAS F. MCDONOUGH
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE>6
<LEGEND>
This schedule contains summary financial information extracted from the Aarp
Bal'D Stock & Bond Annual Report for the fiscal year ended 3/31/97 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER>1
<NAME> AARP BAL'D STOCK & BOND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-START> SEP-30-1996
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 438,182,739
<INVESTMENTS-AT-VALUE> 493,201,862
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<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 497,994,032
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<TOTAL-LIABILITIES> 6,744,781
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 429,669,401
<SHARES-COMMON-STOCK> 26,768,671
<SHARES-COMMON-PRIOR> 22,865,594
<ACCUMULATED-NII-CURRENT> 66,904
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6,492,161
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 55,020,785
<NET-ASSETS> 491,249,251
<DIVIDEND-INCOME> 4,132,201
<INTEREST-INCOME> 6,558,121
<OTHER-INCOME> 0
<EXPENSES-NET> 1,867,232
<NET-INVESTMENT-INCOME> 8,823,090
<REALIZED-GAINS-CURRENT> 7,456,669
<APPREC-INCREASE-CURRENT> 13,436,059
<NET-CHANGE-FROM-OPS> 29,715,818
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (9,292,085)
<DISTRIBUTIONS-OF-GAINS> (5,003,640)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,227,897
<NUMBER-OF-SHARES-REDEEMED> (2,034,205)
<SHARES-REINVESTED> 709,385
<NET-CHANGE-IN-ASSETS> 88,069,312
<ACCUMULATED-NII-PRIOR> 535,899
<ACCUMULATED-GAINS-PRIOR> 4,039,132
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,087,201
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 454,085,484
<PER-SHARE-NAV-BEGIN> 17.63
<PER-SHARE-NII> 0.36
<PER-SHARE-GAIN-APPREC> 0.94
<PER-SHARE-DIVIDEND> 0.37
<PER-SHARE-DISTRIBUTIONS> 0.21
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.35
<EXPENSE-RATIO> 0.82
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE>6
<LEGEND>
This schedule contains summary financial information extracted from the Aarp
Growth & Income Annual Report for the fiscal year ended 3/31/97 and is qualified
in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER>2
<NAME>AARP GROWTH & INCOME
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-START> SEP-30-1996
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 3,679,747,788
<INVESTMENTS-AT-VALUE> 4,873,530,486
<RECEIVABLES> 90,753,637
<ASSETS-OTHER> 36,717,916
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 5,001,002,039
<PAYABLE-FOR-SECURITIES> 44,541,312
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,956,264
<TOTAL-LIABILITIES> 47,497,576
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,593,342,924
<SHARES-COMMON-STOCK> 106,586,312
<SHARES-COMMON-PRIOR> 96,018,596
<ACCUMULATED-NII-CURRENT> 3,722,220
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 163,022,499
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,193,416,820
<NET-ASSETS> 4,953,504,463
<DIVIDEND-INCOME> 66,560,000
<INTEREST-INCOME> 5,876,997
<OTHER-INCOME> 0
<EXPENSES-NET> 16,121,268
<NET-INVESTMENT-INCOME> 56,315,729
<REALIZED-GAINS-CURRENT> 181,073,270
<APPREC-INCREASE-CURRENT> 231,894,902
<NET-CHANGE-FROM-OPS> 469,283,901
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (59,833,421)
<DISTRIBUTIONS-OF-GAINS> (167,523,006)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 11,877,887
<NUMBER-OF-SHARES-REDEEMED> (5,833,446)
<SHARES-REINVESTED> 4,523,275
<NET-CHANGE-IN-ASSETS> 734,521,065
<ACCUMULATED-NII-PRIOR> 7,239,912
<ACCUMULATED-GAINS-PRIOR> 149,472,235
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 11,011,082
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 4,657,850,376
<PER-SHARE-NAV-BEGIN> 43.94
<PER-SHARE-NII> 0.56
<PER-SHARE-GAIN-APPREC> 4.28
<PER-SHARE-DIVIDEND> 0.59
<PER-SHARE-DISTRIBUTIONS> 1.72
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 46.47
<EXPENSE-RATIO> 0.69
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE>6
<LEGEND>
This schedule contains summary financial information extracted from the Aarp
U.S. Stock Index Fund Annual Report for the fiscal year ended 3/31/97 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER>3
<NAME> AARP U.S. Stock Index Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-START> SEP-30-1996
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 12,022,327
<INVESTMENTS-AT-VALUE> 11,493,231
<RECEIVABLES> 304,027
<ASSETS-OTHER> 25,779
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 11,823,037
<PAYABLE-FOR-SECURITIES> 354,555
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 110,505
<TOTAL-LIABILITIES> 465,060
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11,890,217
<SHARES-COMMON-STOCK> 786,198
<SHARES-COMMON-PRIOR> 100
<ACCUMULATED-NII-CURRENT> (3,144)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (529,096)
<NET-ASSETS> 11,357,977
<DIVIDEND-INCOME> 26,740
<INTEREST-INCOME> 6,488
<OTHER-INCOME> 0
<EXPENSES-NET> 5,942
<NET-INVESTMENT-INCOME> 27,286
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> (529,096)
<NET-CHANGE-FROM-OPS> (501,810)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (30,430)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 791,594
<NUMBER-OF-SHARES-REDEEMED> (7,083)
<SHARES-REINVESTED> 1,587
<NET-CHANGE-IN-ASSETS> 11,356,477
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,436
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 7,351,462
<PER-SHARE-NAV-BEGIN> 15.00
<PER-SHARE-NII> (0.04)
<PER-SHARE-GAIN-APPREC> 4.71
<PER-SHARE-DIVIDEND> 0.04
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.45
<EXPENSE-RATIO> 0.45
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Aarp Global Growth Fund Annual Report for the fiscal year ended 3/31/97 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER>4
<NAME> AARP GLOBAL GROWTH FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-START> SEP-30-1996
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 100,086,297
<INVESTMENTS-AT-VALUE> 107,509,641
<RECEIVABLES> 819,728
<ASSETS-OTHER> 62,085
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 108,391,454
<PAYABLE-FOR-SECURITIES> (63,836)
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 312,096
<TOTAL-LIABILITIES> 248,260
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 100,513,340
<SHARES-COMMON-STOCK> 6,496,092
<SHARES-COMMON-PRIOR> 5,012,508
<ACCUMULATED-NII-CURRENT> (129,270)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 271,662
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 7,487,462
<NET-ASSETS> 108,143,194
<DIVIDEND-INCOME> 487,691
<INTEREST-INCOME> 240,962
<OTHER-INCOME> 0
<EXPENSES-NET> 810,110
<NET-INVESTMENT-INCOME> (81,457)
<REALIZED-GAINS-CURRENT> 305,129
<APPREC-INCREASE-CURRENT> 6,505,572
<NET-CHANGE-FROM-OPS> 6,729,244
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (336,444)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,177,788
<NUMBER-OF-SHARES-REDEEMED> (714,057)
<SHARES-REINVESTED> 19,853
<NET-CHANGE-IN-ASSETS> 30,491,216
<ACCUMULATED-NII-PRIOR> 288,631
<ACCUMULATED-GAINS-PRIOR> (33,467)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 389,916
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 92,884,342
<PER-SHARE-NAV-BEGIN> 15.49
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> 1.24
<PER-SHARE-DIVIDEND> 0.06
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 16.65
<EXPENSE-RATIO> 1.75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE>6
<LEGEND>
This schedule contains summary financial information extracted from the Aarp
Capital Growth Annual Report for the fiscal year ended March 31, 1997 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER>5
<NAME>AARP CAPITAL GROWTH
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-START> SEP-30-1996
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 708,039,405
<INVESTMENTS-AT-VALUE> 905,912,863
<RECEIVABLES> 1,129,474
<ASSETS-OTHER> 17,659
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 907,059,996
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,816,202
<TOTAL-LIABILITIES> 1,816,202
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 663,549,441
<SHARES-COMMON-STOCK> 20,984,464
<SHARES-COMMON-PRIOR> 19,005,749
<ACCUMULATED-NII-CURRENT> 2,821,920
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 40,998,975
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 197,873,458
<NET-ASSETS> 905,243,794
<DIVIDEND-INCOME> 6,819,212
<INTEREST-INCOME> 732,373
<OTHER-INCOME> 0
<EXPENSES-NET> 4,132,878
<NET-INVESTMENT-INCOME> 3,418,707
<REALIZED-GAINS-CURRENT> 50,499,331
<APPREC-INCREASE-CURRENT> 23,645,396
<NET-CHANGE-FROM-OPS> 77,563,434
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (7,776,756)
<DISTRIBUTIONS-OF-GAINS> (75,673,786)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,622,030
<NUMBER-OF-SHARES-REDEEMED> (1,503,368)
<SHARES-REINVESTED> 1,860,053
<NET-CHANGE-IN-ASSETS> 79,107,081
<ACCUMULATED-NII-PRIOR> 7,179,969
<ACCUMULATED-GAINS-PRIOR> 66,173,430
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,737,801
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 900,570,500
<PER-SHARE-NAV-BEGIN> 43.47
<PER-SHARE-NII> (0.17)
<PER-SHARE-GAIN-APPREC> (3.69)
<PER-SHARE-DIVIDEND> 0.41
<PER-SHARE-DISTRIBUTIONS> 3.99
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 43.14
<EXPENSE-RATIO> 0.92
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE>6
<LEGEND>
This schedule contains summary financial information extracted from the Aarp
International Stock Fund Annual Report for the fiscal year ended 3/31/97 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER>6
<NAME>AARP International Stock Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-START> SEP-30-1996
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 4,862,609
<INVESTMENTS-AT-VALUE> 4,872,317
<RECEIVABLES> 194,711
<ASSETS-OTHER> 100,370
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 5,181,776
<PAYABLE-FOR-SECURITIES> 509,980
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 16,680
<TOTAL-LIABILITIES> 526,660
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,616,390
<SHARES-COMMON-STOCK> 306,011
<SHARES-COMMON-PRIOR> 100
<ACCUMULATED-NII-CURRENT> 13,830
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,374
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 22,522
<NET-ASSETS> 4,655,116
<DIVIDEND-INCOME> 12,908
<INTEREST-INCOME> 6,439
<OTHER-INCOME> 0
<EXPENSES-NET> 5,517
<NET-INVESTMENT-INCOME> 13,830
<REALIZED-GAINS-CURRENT> 2,374
<APPREC-INCREASE-CURRENT> 22,522
<NET-CHANGE-FROM-OPS> 38,726
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 308,454
<NUMBER-OF-SHARES-REDEEMED> (2,543)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 4,653,616
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,808
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 1,949,224
<PER-SHARE-NAV-BEGIN> 15.00
<PER-SHARE-NII> (0.10)
<PER-SHARE-GAIN-APPREC> (0.18)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.21
<EXPENSE-RATIO> 1.75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE>6
<LEGEND>
This schedule contains summary financial information extracted from the Aarp
Small Company Stock Fund Annual Report for the fiscal year ended 3/31/97 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER>7
<NAME>AARP Small Company Stock Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-START> SEP-30-1996
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 8,378,058
<INVESTMENTS-AT-VALUE> 8,207,425
<RECEIVABLES> 363,340
<ASSETS-OTHER> 22,406
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 8,593,171
<PAYABLE-FOR-SECURITIES> 644,478
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 89,285
<TOTAL-LIABILITIES> 733,763
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8,023,111
<SHARES-COMMON-STOCK> 527,026
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 6,931
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (170,634)
<NET-ASSETS> 7,859,408
<DIVIDEND-INCOME> 9,036
<INTEREST-INCOME> 6,576
<OTHER-INCOME> 0
<EXPENSES-NET> 8,681
<NET-INVESTMENT-INCOME> 6,931
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> (170,634)
<NET-CHANGE-FROM-OPS> (163,703)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 529,229
<NUMBER-OF-SHARES-REDEEMED> (2,203)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 7,859,408
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4,177
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 3,068,857
<PER-SHARE-NAV-BEGIN> 15.00
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> (0.10)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.91
<EXPENSE-RATIO> 1.75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
